CME NYMEX: PL - Platinum Futures forecast - up to 944.55 and 1006.50 - Commodity Trading Today

Platinum attracts attention. There are those who say that platinum will follow the Palladium. It's hard to be sure yet. At this point, what we can expect is that platinum prices are likely to rise higher.

In my opinion, support line seems to be 877.98. The resistance lines will be 944.55 and 1006.50. 1006 is a very important and meaningful price level. If platinum prices fall, it would be better to look for opportunities to buy. If we wait, we could buy at a good price.

[Platinum price weekly chart, CME NYMEX: PL]
CME NYMEX: PL - Platinum Futures forecast - up to 944.55 and 1006.50